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Play the first run of the Macroeconomics Simulation: Econland from Harvard Business Review Now reflect on the decisions you made in the simulation and address
Play the first run of the Macroeconomics Simulation: Econland from Harvard Business Review
Now reflect on the decisions you made in the simulation andaddress the following government intervention options.
- Macroeconomic Indicators: During the simulation, you made decisions concerning government spending. Discuss the impact of your decisions on keymacroeconomic indicatorssuch as real GDP growth and unemployment. Refer to the graphs "Real GDP Growth" and "Unemployment Rate" from your simulation results to illustrate the impact.
- Interest Rates: Describe how your changes ininterest ratesimpacted inflation and other key macroeconomic indicators used in the simulation. Refer to the "Inflation Rate" graph from your simulation results.
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